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S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Become an Ethical Hacking and Cybercrime Expert
Sell every Stock except ONE (Ad)
German leader seeks energy deals, alliances on Gulf trip
Saudi Arabia's triumphant week reclaims the West's embrace
'A Gold Storm Is Coming' (Ad)
Poverty, inflation, fear: Egypt's economy pushed to brink
German leader continues Gulf tour with stops in UAE, Qatar
'A Gold Storm Is Coming' (Ad)
Poverty and inflation: Egypt's economy hit by global turmoil
Kim Kardashian culls Dolce & Gabbana archives for Milan show
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Become an Ethical Hacking and Cybercrime Expert
Sell every Stock except ONE (Ad)
German leader seeks energy deals, alliances on Gulf trip
Saudi Arabia's triumphant week reclaims the West's embrace
'A Gold Storm Is Coming' (Ad)
Poverty, inflation, fear: Egypt's economy pushed to brink
German leader continues Gulf tour with stops in UAE, Qatar
'A Gold Storm Is Coming' (Ad)
Poverty and inflation: Egypt's economy hit by global turmoil
Kim Kardashian culls Dolce & Gabbana archives for Milan show
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Become an Ethical Hacking and Cybercrime Expert
Sell every Stock except ONE (Ad)
German leader seeks energy deals, alliances on Gulf trip
Saudi Arabia's triumphant week reclaims the West's embrace
'A Gold Storm Is Coming' (Ad)
Poverty, inflation, fear: Egypt's economy pushed to brink
German leader continues Gulf tour with stops in UAE, Qatar
'A Gold Storm Is Coming' (Ad)
Poverty and inflation: Egypt's economy hit by global turmoil
Kim Kardashian culls Dolce & Gabbana archives for Milan show
NYSE:GVA

Granite Construction - GVA Stock Forecast, Price & News

$26.96
-1.03 (-3.68%)
(As of 09/23/2022 12:00 AM ET)
Add
Compare
Today's Range
$26.70
$27.62
50-Day Range
$26.96
$31.93
52-Week Range
$26.70
$43.98
Volume
431,831 shs
Average Volume
333,524 shs
Market Capitalization
$1.19 billion
P/E Ratio
49.02
Dividend Yield
1.93%
Price Target
$50.00

Granite Construction MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
85.5% Upside
$50.00 Price Target
Short Interest
Bearish
11.53% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.54mentions of Granite Construction in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
65.56%
From $1.80 to $2.98 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.37 out of 5 stars

Construction Sector

51st out of 104 stocks

Heavy Construction, Except Building Construction - Contractors Industry

4th out of 8 stocks

GVA stock logo

About Granite Construction (NYSE:GVA) Stock

Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the United States. It operates through two segments, Construction and Materials segments. The Construction segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and site development for use by the public. It also focuses on water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies. The company also constructs various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar, and power projects. The Materials segment is involved in the production of aggregates and asphalt for internal use, as well as for sale to third parties. In addition, it offers site preparation, mining, and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities; and provides construction management professional services. The company serves federal agencies, state departments of transportation, local transit authorities, county and city public works departments, school districts and developers, utilities, contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, brokers, and private owners of industrial, commercial, and residential sites. Granite Construction Incorporated was founded in 1922 and is headquartered in Watsonville, California.

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GVA Stock News Headlines

Granite Construction (NYSE: GVA)
Granite Reports Second Quarter 2022 Results
Granite Wins Recognition for Early Talent Engagement
See More Headlines
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GVA Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Today
9/25/2022
Ex-Dividend for 10/14 Dividend
9/29/2022
Dividend Payable
10/14/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Heavy construction, except building construction - contractors
Sub-Industry
Construction & Engineering
CUSIP
38732810
Employees
3,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$50.00
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$50.00
Forecasted Upside/Downside
+85.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$10.10 million
Pretax Margin
0.63%

Debt

Sales & Book Value

Annual Sales
$3.01 billion
Cash Flow
$4.40 per share
Book Value
$21.73 per share

Miscellaneous

Free Float
43,887,000
Market Cap
$1.19 billion
Optionable
Optionable
Beta
1.32

Key Executives

  • Mr. Kyle T. Larkin (Age 50)
    Pres, CEO & Director
    Comp: $923.59k
  • Ms. Elizabeth Lisa Curtis (Age 55)
    Exec. VP & CFO
    Comp: $516.07k
  • Mr. James A. Radich (Age 63)
    Exec. VP & COO
    Comp: $545.36k
  • Mr. Brian A. Dowd (Age 58)
    Sr. VP & California Group Mang.
    Comp: $587.66k
  • Mr. Michael G. Tatusko (Age 57)
    Sr. VP & Mountain Group Mang.
    Comp: $828.71k
  • Ms. Staci M. Woolsey (Age 45)
    Chief Accounting Officer
  • Mr. M. Craig Hall
    Sr. VP, Gen. Counsel, Corp. Compliance Officer & Sec.
  • Ms. Erin Kuhlman
    Sr. VP and Chief Marketing & Communications Officer
  • Mr. Tim Gruber
    Sr. VP of HR
  • Mr. James Hildebrand Roberts (Age 65)
    Chief Exec. Officer Emeritus













GVA Stock - Frequently Asked Questions

Should I buy or sell Granite Construction stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Granite Construction in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GVA shares.
View GVA analyst ratings
or view top-rated stocks.

What is Granite Construction's stock price forecast for 2022?

1 brokers have issued 12-month price targets for Granite Construction's shares. Their GVA share price forecasts range from $50.00 to $50.00. On average, they anticipate the company's share price to reach $50.00 in the next twelve months. This suggests a possible upside of 85.5% from the stock's current price.
View analysts price targets for GVA
or view top-rated stocks among Wall Street analysts.

How have GVA shares performed in 2022?

Granite Construction's stock was trading at $38.70 at the start of the year. Since then, GVA stock has decreased by 30.3% and is now trading at $26.96.
View the best growth stocks for 2022 here
.

When is Granite Construction's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our GVA earnings forecast
.

How were Granite Construction's earnings last quarter?

Granite Construction Incorporated (NYSE:GVA) posted its quarterly earnings results on Thursday, October, 28th. The construction company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.82 by $0.09. The construction company had revenue of $1.06 billion for the quarter. Granite Construction had a net margin of 0.85% and a trailing twelve-month return on equity of 5.06%. During the same quarter last year, the business earned $0.90 earnings per share.

How often does Granite Construction pay dividends? What is the dividend yield for Granite Construction?

Granite Construction announced a quarterly dividend on Thursday, September 15th. Shareholders of record on Friday, September 30th will be given a dividend of $0.13 per share on Friday, October 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Thursday, September 29th.
Read our dividend analysis for GVA
.

Is Granite Construction a good dividend stock?

Granite Construction (NYSE:GVA) pays an annual dividend of $0.52 per share and currently has a dividend yield of 1.86%. The dividend payout ratio is 94.55%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, GVA will have a dividend payout ratio of 17.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GVA.

What is Kyle T. Larkin's approval rating as Granite Construction's CEO?

4 employees have rated Granite Construction Chief Executive Officer Kyle T. Larkin on Glassdoor.com. Kyle T. Larkin has an approval rating of 100% among the company's employees. This puts Kyle T. Larkin in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Granite Construction own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Granite Construction investors own include U.S. Silica (SLCA), Alibaba Group (BABA), Enterprise Products Partners (EPD), AT&T (T), Applied Materials (AMAT), JD.com (JD), NVIDIA (NVDA), Ford Motor (F), The Hain Celestial Group (HAIN) and Carnival Co. & (CCL).

What is Granite Construction's stock symbol?

Granite Construction trades on the New York Stock Exchange (NYSE) under the ticker symbol "GVA."

Who are Granite Construction's major shareholders?

Granite Construction's stock is owned by a variety of retail and institutional investors. Top institutional investors include Bank of Montreal Can (4.95%), State Street Corp (3.96%), William Blair Investment Management LLC (2.31%), Franklin Resources Inc. (2.02%), Bernzott Capital Advisors (1.74%) and Northern Trust Corp (1.17%). Insiders that own company stock include Claes Bjork, Desai Jigisha and Kyle T Larkin.
View institutional ownership trends
.

How do I buy shares of Granite Construction?

Shares of GVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Granite Construction's stock price today?

One share of GVA stock can currently be purchased for approximately $26.96.

How much money does Granite Construction make?

Granite Construction (NYSE:GVA) has a market capitalization of $1.19 billion and generates $3.01 billion in revenue each year. The construction company earns $10.10 million in net income (profit) each year or $0.55 on an earnings per share basis.

How many employees does Granite Construction have?

The company employs 3,300 workers across the globe.

How can I contact Granite Construction?

Granite Construction's mailing address is 585 WEST BEACH ST, WATSONVILLE CA, 95076. The official website for the company is www.graniteconstruction.com. The construction company can be reached via phone at (831) 724-1011, via email at ronald.botoff@gcinc.com, or via fax at 831-761-7871.

This page (NYSE:GVA) was last updated on 9/25/2022 by MarketBeat.com Staff

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